Form 8-K - Groowe Newsroom

8-K — Southland Holdings, Inc.

Accession: 0001829126-26-003120

Filed: 2026-04-02

Period: 2026-03-27

CIK: 0001883814

SIC: 1600 (HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS)

Item: Entry into a Material Definitive Agreement

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

WASHINGTON,

D.C. 20549

FORM

8-K

CURRENT

REPORT

PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES

EXCHANGE ACT OF 1934

Date

of Report (Date of earliest event reported): March 27, 2026

SOUTHLAND HOLDINGS, INC.

(Exact

Name of Registrant as Specified in Charter)

Delaware

001-41090

87-1783910

(State

or Other Jurisdiction

(Commission

(IRS

Employer

Incorporation)

File

Number)

Identification

No.)

1100 Kubota Drive

Grapevine,

TX 76051

(Address

of Principal Executive Offices) (Zip Code)

(817) 293-4263

(Registrant’s

Telephone Number, Including Area Code)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions (see General Instruction A.2. below):

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

Securities

registered pursuant to section 12(b) of the Act:

Title

of each class

Trading

Symbol(s)

Name

of each exchange on which registered

Common

stock, par value $0.0001 per share

SLND

NYSE

American LLC

Redeemable

warrants, exercisable for shares of common stock at an exercise price of $11.50 per share

SLND

NYSE

American LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☒

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

March 27, 2026, American Bridge Company (“American Bridge”), a wholly owned subsidiary of Southland Holdings, Inc. (the “Company”),

entered into a Settlement Agreement and Release of Claims (the “Settlement Agreement”) with Clark/Lewis, a

Joint Venture (“Clark/Lewis”), certain sureties of American Bridge (the “Sureties”), the Washington

State Convention Center (“WSCC”), and American Bridge’s litigation counsel.

The

Settlement Agreement resolves disputes among the parties arising out of the Washington State Convention Center expansion project in Seattle,

Washington (the “Project”), including litigation in King County Superior Court Cause No. 22-2-19603-3 SEA (the “Litigation”).

As previously disclosed, the Litigation resulted in, among other things, a judgment against American Bridge and the Sureties, jointly

and severally in the principal amount of approximately $57.1 million (the “Merits Judgment”). The Sureties previously

paid the Merits Judgment and post-judgment interest outstanding as of the date of payment which totaled $57.8 million.

Under

the Settlement Agreement, the parties agreed to resolve the Litigation and settle and compromise all unresolved claims, issues,

disputes, and controversies related to the Project and the Litigation, subject to certain limited exceptions. Pursuant to the

Settlement Agreement, the Sureties are required to pay an additional approximately $26.5 million to Clark/Lewis, representing

approximately $25.5 million for a negotiated settlement amount of Clark/Lewis’s costs, fees and prejudgment interest and

approximately $1.0 million for a negotiated settlement amount of American Bridge’s allocated portion of court-ordered sanction

amounts. American Bridge is appealing the court’s sanctions order, and the Settlement Agreement reserves rights relating to

such appeal.

Under

the Settlement Agreement, Clark/Lewis agreed to file a Satisfaction of the Merits Judgment as to the Sureties and execute an assignment

of the Merits Judgment to the Sureties. Within three days of the filing of the Satisfaction of Judgment, (i) American Bridge and the Sureties

are required to file Dismissals With Prejudice of appeals to the Merit Judgment, and (ii) Clark/Lewis is required to file a Stipulation

and Order to Dismiss all claims, issues, disputes, and controversies related to the Project and the Litigation with prejudice as to the

Sureties, except for the reservation of certain rights related to American Bridge’s appeal of the sanctions order and for certain

ongoing obligations of the parties.

The

Settlement Agreement provides for broad mutual general releases among the parties and their related persons and entities for claims arising

out of or related to the Litigation, related bonds and actions and circumstances giving rise to the underlying dispute, except related

to the appeal of the sanctions order and to the parties’ ongoing obligations.

The foregoing description

of the Settlement Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement,

a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarterly period ending on March

31, 2026.

The

Company believes that the financial obligations of American Bridge arising under the Settlement Agreement are consistent with the Company’s

prior estimates reflected in the financial statements included in the Company’s Annual Report on Form 10-K filed with the Securities

and Exchange Commission on March 26, 2026. The Company and the Sureties are negotiating repayment terms for amounts paid by the Sureties

on behalf of American Bridge under a long-term financing agreement. The Sureties have agreed to forbear on seeking repayment for these

amounts until at least March 27, 2027. There can be no assurances that a resolution for a long-term financing agreement will be reached.

SIGNATURE

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

Dated: April 2, 2026

SOUTHLAND HOLDINGS, INC.

By:

/s/ Frank S. Renda

Name:

Frank S. Renda

Title:

President and Chief Executive Officer

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Mar. 27, 2026

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Entity File Number

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Entity Registrant Name

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Entity Central Index Key

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Entity Tax Identification Number

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Entity Incorporation, State or Country Code

Entity Address, Address Line One

1100 Kubota Drive

Entity Address, City or Town

Grapevine

Entity Address, State or Province

Entity Address, Postal Zip Code

76051

City Area Code

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Local Phone Number

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Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share

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